Small city aspires to drive China's economy - News Summed Up

Small city aspires to drive China's economy


Small city aspires to drive China's economyRail-ware 'capital' Zhuzhou, the 'Engine Valley', dares to punch above its weightZhuzhou, a small city (population: 4.05 million) in central China's Hunan province, has an ambition to emerge as the "engine" of China's growth. It's not an unrealistic ambition or a fantasy, considering that local railway industry's output exceeded 100.37 billion yuan ($14.55 billion) last year. The rail transit sector will account for half of it, and one fifth of the total production will go to international markets,according to the city's action plan to build "Engine Valley". In 2015, revenue of Zhuzhou's rail transit equipment, auto and aerocraft grew 31 percent, 52 percent and 22 percent year-on-year respectively. A 20-billion-yuan innovation park was set up to enhance the research and development capability of the rail transportation sector.


Source: The China Post November 30, 2016 18:04 UTC



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